Innisfil is located in Simcoe County, which is about a one-hour drive from Toronto.
"EPCOR is very pleased with the decision of Town Council and we look forward to a long and successful partnership with InnPower," said Steve Stanley, EPCOR Senior Vice President, Commercial Services.
Working with EPCOR, the Town is looking to apply more entrepreneurial approaches to the management of its assets and services. "This proposed model is unique to Ontario but it's a proven success in Western Canada," said Innisfil Mayor Gord Wauchope, who cites the potential for new revenue, new jobs and new investment in Innisfil.
The sale will require regulatory approval from the Ontario Energy Board.
InnPower will continue to serve as the Town's electricity distributor.